Zombie mortgages are those old loans or mortgage debts where the homeowner assumes they have been fully paid off but still exist. Typically, these debts resurface with additional interest and fees that the homeowner did not expect, and they begin to pose problems that threaten financial stability. These debts are often sold to new service […]
Despite the latest figures published, specialists in Richmond, Virginia agree that a widespread foreclosure crisis similar to 2008 is unlikely to occur in the city. As detailed in a BlackKnight report, although there has been a slight increase in foreclosures, when looking at a broader perspective, we can see that we are still well below […]
Kevin Spacey’s $5.6 million waterfront condo in Baltimore was auctioned off due to the actor’s financial troubles following numerous allegations of sexual misconduct. A jury in London cleared Spacey of sexual assault charges related to claims by four men from two decades ago. This marked his second legal triumph after defeating a $40 million lawsuit […]
Kansas City’s historic Black-owned housing cooperative, Parade Park Homes, will no longer be the same after its successful foreclosure sale on Monday. This sale is linked to a $275 million redevelopment initiative aimed at preserving the community’s rich history. Developers have outlined initial plans for the property, which include building 1,065 apartments, along with 60 […]
